Most economists agree that the Millennials will have one of the biggest impacts on the Santa Cruz Real Estate Market since the Baby Boomers. Millennials are young adults 18-34 and they currently outnumber the Baby Boomer generation. One big factor right now is the 6% unemployment among this generation. It will be interesting to see how they shape housing market.
To read the entire article, go to: http://www.tampabay.com/news/business/realestate/economist-says-millennials-will-determine-future-of-housing-market/2241357